Sees Q4 adjusted EBITDA $150M-$175M.
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Read More on DKNG:
- DraftKings Stock (NASDAQ:DKNG) Jumps on Beat-and-Raise Results
- DraftKings Delivers Positive Adjusted EBITDA in Second Quarter; Reports Revenue of $875 Million; Raises 2023 Revenue Guidance Midpoint by $315 Million to $3.5 Billion and Improves 2023 Adjusted EBITDA Guidance Midpoint by $110 Million to ($205) Million
- DraftKings options imply 9.9% move in share price post-earnings
- DraftKings price target raised to $32 from $25 at Stifel
- Unusually active option classes on open July 31st